AudNzd Possible Inverted H&SHi Traders, here is the full Update Analysis / Breakdown for AUDNZD.
Keep this pair on your watch-list.
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Audnzdlong
AUDNZD SWING TRADE UPDATECongratulations to anyone who entered with me last week, you should've gained around 120+ pips! Also, I mistakenly kept saying minor support at the beginning but meant to say minor resistance. I closed partials and I'm going to be looking for more setups for the rest of this week and next week.
AUDNZD Complete Analysis: Both Long and Short OpportunitiesAUDNZD is trading in a bearish move for more than two months now after hitting multi-week high back in November.
Lately, AUDNZD has gained some strength and consolidating at the bottom of the structure.
From this area, two things are likely:
1) A strong impulse to the upside.
2) A final bearish move and strong upside.
Either way, swing traders should look for buys when price hits the bottom.
However, day traders can still sell as price is facing strong resistance in the 4H chart.
Based on this analysis, my recommendation is to:
1) Sell AUDNZD@1.0408-1.0420.
TP:1.0320
SL:1.0436
2) Buy AUDNZD@1.0280-1.0350
TP:1.0672
SL:1.0250
AUDNZD LONGLooking for a short and long term buy on AUDNZD with target 1 being approximately 1.045 with a tight 20-30 pip stop from the current price and target 2 being 1.08 area with wider stop (smaller positions advised for this one, payout will be larger anyway). Rejection of rising trend and previous lows.
AUDNZD moving like we need itBeen eyeing this baby for awhile. Looks like the analysis is sticking to direction nicely. I will be looking for the next buy soon. I do have 1 foot in the water with a small entry in today here at this daily bottom. Nothing fancy but just to hold in case we shoot up from here.
I haven't changed anything I put on this idea. Just reposting it from prev. linked related idea.